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Universal Credit families to get £4,500 apprenticeship bursary
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Business Matters
Households on Universal Credit will be able to claim a bursary worth up to £4,500 a year when a young person in the family starts an apprenticeship, the Department for Work and Pensions and the Department for Education has announced.
The government said it targets what it called “the small number of Universal Credit families for whom the current system disincentivises apprenticeships”, and is expected to reach a few thousand households.
The government said the bursary and free training for under-25s are being funded through the £1bn of additional investment in the levy announced in May.
Work and Pensions Secretary Pat McFadden said: “By providing bursaries to those who need them most and fully funding apprenticeship training, we are making sure cost is not the reason someone misses out.”
From 1 August the government will fully fund apprenticeship training for all eligible under-25s, extending an offer first set out in December’s £725m apprenticeship reform package.